Solaredge Technologies Inc (NASDAQ:SEDG) VP Meir Adest sold 4,700 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $35.02, for a total value of $164,594.00. Following the sale, the vice president now owns 20,633 shares in the company, valued at $722,567.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Solaredge Technologies Inc (NASDAQ SEDG) remained flat at $$34.55 on Thursday. 506,900 shares of the company traded hands, compared to its average volume of 843,813. The stock has a market cap of $1,486.09, a P/E ratio of 20.94, a PEG ratio of 0.76 and a beta of 0.17. Solaredge Technologies Inc has a 1-year low of $12.15 and a 1-year high of $39.90.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its stake in Solaredge Technologies by 5.3% in the first quarter. California Public Employees Retirement System now owns 17,800 shares of the semiconductor company’s stock worth $278,000 after purchasing an additional 900 shares in the last quarter. Wells Fargo & Company MN grew its stake in Solaredge Technologies by 19.5% in the third quarter. Wells Fargo & Company MN now owns 10,291 shares of the semiconductor company’s stock worth $294,000 after purchasing an additional 1,680 shares in the last quarter. Northern Trust Corp grew its stake in Solaredge Technologies by 3.3% in the second quarter. Northern Trust Corp now owns 102,236 shares of the semiconductor company’s stock worth $2,046,000 after purchasing an additional 3,297 shares in the last quarter. Schroder Investment Management Group grew its stake in Solaredge Technologies by 2.4% in the second quarter. Schroder Investment Management Group now owns 138,517 shares of the semiconductor company’s stock worth $2,791,000 after purchasing an additional 3,310 shares in the last quarter. Finally, CAPROCK Group Inc. grew its stake in Solaredge Technologies by 30.4% in the third quarter. CAPROCK Group Inc. now owns 16,360 shares of the semiconductor company’s stock worth $467,000 after purchasing an additional 3,815 shares in the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on SEDG. Barclays restated an “overweight” rating and set a $28.00 price objective (up from $21.00) on shares of Solaredge Technologies in a research report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $30.00 target price (up previously from $25.00) on shares of Solaredge Technologies in a research note on Wednesday, August 9th. BidaskClub cut Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Axiom Securities reaffirmed a “sell” rating on shares of Solaredge Technologies in a research note on Thursday, August 10th. Finally, Deutsche Bank cut Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research note on Monday, November 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Solaredge Technologies has an average rating of “Buy” and a consensus price target of $34.19.

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About Solaredge Technologies

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

Insider Buying and Selling by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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